India-EU Trade Deal Finalized: $75 Billion Export Boost, Impact on Your Wallet

• India and the EU sealed a trade agreement on January 27, 2026, opening the European market to 99% of Indian goods.
• The deal is expected to boost India's exports by $75 billion, benefiting labor-intensive sectors like textiles, leather, gems, and marine products.
• Key Indian manufacturing hubs like Tirupur, Kanpur, Agra, Vellore, Jaipur, Mumbai, and Surat will see duties on their exports drop to zero.
• European goods such as machinery, chemicals, fruits, processed food, and spirits will become cheaper in India due to reduced duties.
• The agreement includes provisions for easier study and work for Indian professionals in Europe, but India will face Europe's Carbon Border Tax.

Why It Matters: The India-EU trade deal promises significant export growth, cheaper European goods, and new opportunities for professionals.